Renovated Office Suite with Open
For Sale
$495,000
12343 Hymeadow DR, Austin, TX 78750
Turnkey renovated office suite with bright open floor plan, updated lighting, and ample parking near major roads.
Property Size1,988 SF
Price / SF$248.99
Days on Market352
Property Features for 12343 Hymeadow DR
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Office
Amenities
Central Air, Electric, Heat Pump
3
Parking.
7 Parking Spaces. Assigned Parking Space, Guest Parking, No Parking.
Asphalt, Concrete Road.
Building Details
Year Built
1995
Listing Agency:
Lone Star Appraisals & Realty
(512) 426-0087
Listed By:
Chris P. Griesbach
(512) 426-0087
Source:
Xome
Added: Sep 15, 2025
Changed: Aug 12
Last Checked: Aug 31 at 3:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lone Star Appraisals & Realty
Investment Insights
Based on property information with market context.
This renovated office suite (Units 3C & 3E) offers a clean, professional interior with updated finishes throughout. The layout features bright natural light and an open floor plan that supports flexible workspace arrangements, including private offices, collaborative areas, or client-facing space. Recent upgrades include new flooring, fresh paint, and updated lighting, providing a polished, ready-to-occupy environment.
Located at 12343 Hymeadow DR in Austin, the property includes ample parking and convenient access to major roads. Dining and retail are also nearby.
For buyers needing additional space, the owner may offer the suite together with an adjacent 1,003 SF unit (MLS #8027907). It may also be purchased as part of the entire second floor totaling 2,991 SF.
Located at 12343 Hymeadow DR in Austin, the property includes ample parking and convenient access to major roads. Dining and retail are also nearby.
For buyers needing additional space, the owner may offer the suite together with an adjacent 1,003 SF unit (MLS #8027907). It may also be purchased as part of the entire second floor totaling 2,991 SF.
Key Highlights
- Renovated office suite with a bright open floor plan and updated lighting throughout
- Recent upgrades include new flooring and fresh paint
- Central Air with heat pump heating (Electric)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,497
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$809,940
$809.9K
Cap Rate 7%
$578,529
$578.5K
Cap Rate 9%
$449,967
$450.0K
Market Conditions
NOI Build-Up for 1,988 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$71.3K $35.88/SF
− Vacancy
−$17.3K −$8.72/SF
EGI
$54.0K $27.16/SF
− OpEx
−$13.5K −$6.79/SF
NOI
$40.5K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$809,940
Cap Rate 7%
$578,529
Cap Rate 9%
$449,967
Alternative Uses
Best Use
Office B
$578.5K
$506.2K – $675.0K
NOI $40,497 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$779.0K
$681.7K – $908.9K
NOI $54,532 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,918
Businesses Nearby
Explore this area
Business Placement
Demographics for 78750, TX
28,348
Population
12,186
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
2,402
Density / Sq Mi
$123,722
Median Household Income
$62,096
Median Earnings
$1,743
Median Rent
$552,800
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey renovated office suite with bright open floor plan, updated lighting, and ample parking near major roads.
Where is this office units located?
The property is located at 12343 Hymeadow DR Austin, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Renovated office suite with a bright open floor plan and updated lighting throughout; Recent upgrades include new flooring and fresh paint; Central Air with heat pump heating (Electric)
